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BNP Paribas, Credit Suisse sound a note of caution on record market run

Asia's third-biggest economy probably grew 4.6 per cent last quarter, which would be the slowest since the first three months of 2013, according to a Bloomberg survey ahead of Friday's data release

The logo of BNP Paribas bank is pictured on an office building in Nantes, France. Photo: Reuters
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Bloomberg Mumbai
A slowing economy hasn’t stopped India’s benchmark equity index from climbing to a series of records this year, but this divergence may have run its course, according to BNP Paribas.

Asia’s third-biggest economy probably grew 4.6 per cent last quarter, which would be the slowest since the first three months of 2013, according to a Bloomberg survey ahead of Friday’s data release. Meanwhile, the Sensex closed at a new high on Wednesday and is up nearly 14 per cent for 2019. Stocks have climbed mainly since late September, when the unveiling of a corporate tax cut boosted the outlook for corporate

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First Published: Nov 29 2019 | 12:41 AM IST

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